Ally Financial Inc. Acquires 6,000 Shares of Eaton Corporation, PLC $ETN

Key Points

• Ally Financial Inc. increased its stake in Eaton Corporation by 200.0%, acquiring a total of 9,000 shares valued at approximately $2.45 million.
• Investment firms including Vanguard Group and Goldman Sachs have also raised their positions in Eaton, with significant total shares owned by institutional investors.82.97% of Eaton's stock is held by these investors.
• Eaton's stock has an average rating of "Moderate Buy" with a price target of $379.10, as several brokerages have recently updated their forecasts, indicating potential growth.

Ally Financial Inc. grew its stake in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 200.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,000 shares of the industrial products company's stock after buying an additional 6,000 shares during the period. Ally Financial Inc.'s holdings in Eaton were worth $2,446,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. IMA Advisory Services Inc. acquired a new stake in Eaton in the first quarter valued at approximately $25,000. Capital A Wealth Management LLC purchased a new stake in Eaton in the fourth quarter worth $26,000. Creative Financial Designs Inc. ADV increased its position in Eaton by 102.0% in the first quarter. Creative Financial Designs Inc. ADV now owns 101 shares of the industrial products company's stock worth $27,000 after buying an additional 51 shares during the last quarter. Vermillion Wealth Management Inc. purchased a new stake in Eaton in the fourth quarter worth $33,000. Finally, Abound Wealth Management grew its position in shares of Eaton by 73.8% in the first quarter. Abound Wealth Management now owns 146 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 62 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company's stock.

Insider Buying and Selling

In related news, insider Olivier Leonetti sold 16,018 shares of the firm's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $358.39, for a total value of $5,740,691.02. Following the transaction, the insider directly owned 630 shares of the company's stock, valued at approximately $225,785.70. This trade represents a 96.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.30% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Redburn Atlantic started coverage on Eaton in a research report on Wednesday, August 20th. They set a "hold" rating and a $336.00 target price for the company. Rothschild & Co Redburn started coverage on Eaton in a research note on Wednesday, August 20th. They set a "neutral" rating and a $336.00 price target for the company. KeyCorp lifted their price target on Eaton from $355.00 to $410.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Rothschild Redb raised Eaton to a "hold" rating in a research note on Wednesday, August 20th. Finally, Morgan Stanley lifted their price target on Eaton from $375.00 to $425.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Fourteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, Eaton has an average rating of "Moderate Buy" and a consensus target price of $379.10.

Eaton Stock Down 0.1%

Shares of ETN stock traded down $0.41 during midday trading on Wednesday, reaching $351.61. 1,433,755 shares of the stock were exchanged, compared to its average volume of 2,579,836. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.47. The firm has a market cap of $136.88 billion, a PE ratio of 35.37, a price-to-earnings-growth ratio of 2.59 and a beta of 1.18. The company's 50 day moving average is $360.96 and its two-hundred day moving average is $320.23. Eaton Corporation, PLC has a 1 year low of $231.85 and a 1 year high of $399.56.

Eaton (NYSE:ETN - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.03. The company had revenue of $7.03 billion for the quarter, compared to the consensus estimate of $6.93 billion. Eaton had a return on equity of 23.91% and a net margin of 15.11%.The firm's quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.73 EPS. Eaton has set its Q3 2025 guidance at 3.010-3.070 EPS. FY 2025 guidance at 11.970-12.170 EPS. On average, equities research analysts predict that Eaton Corporation, PLC will post 12.02 EPS for the current year.

Eaton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Thursday, August 7th were issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, August 7th. Eaton's dividend payout ratio is presently 41.85%.

Eaton Profile

Eaton Corporation plc operates as a power management company worldwide. The company's Electrical Americas and Electrical Global segment provides electrical components, industrial components, power distribution and assemblies, residential products, single and three phase power quality and connectivity products, wiring devices, circuit protection products, utility power distribution products, power reliability equipment, and services, as well as hazardous duty electrical equipment, emergency lighting, fire detection, explosion-proof instrumentation, and structural support systems.